John Hamilton (SSN 351-00-7410), who is self-employed, purchased the following equipment for his machine shop.

1,250

All equipment is 100% business use. John wants to use regular MACRS. He used a Section 179 expense deduction of $5,000 on the computer in 2009. Fill out the depreciation worksheet showing all years. Complete Form 4562 (if required).

Are any of the items John is depreciating "listed property"? If so, what special treatment do they receive?

What did John do with the "Section 179" part of the computer's cost?

Can he depreciate the $5,000 that he has expensed on Section 179?